Notes

Farnoush Farsiar claims that Brexit has been beneficial to the UK's financial market, despite the gloomy forecasts

Farnoush Farsiar was previously the director of senior positions at Emirates NBD and is passionately involved in Plato Capital.

She has unique insights due to her wealth and financial management experience.

Farnoush Farsiar Farnoush has written two articles on BrexitCentral in 2019, and it appears that many of her predictions proved correct today.

Re-visiting Farnoush's forecast about Brexit
Farnoush Farsiar's belief is that the British economy and financial market would be exempt from the burdensome restrictions if they leave the European Union.

It would enable the city of London to realize its full potential.

A regulatory intrusion has made it hard for the financial sector to operate under MiFID II (Financial Instruments Directive).

Being in the game is only possible if the regulations are constantly updated.

Farsiar declared that London as the capital city of the largest financial institutions in Europe is a significant influence on the economy.

If given the chance to develop, Britain's financial services industry could become the very best version of self.

British financial markets may be affected by the UK's departure from the EU and its current conditions.
They'll be independent and won't be able to take on Brussels.

The British should prioritise reducing corporate taxes and delaying the repeal of EU legislation. This would help foreign investors and stabilize the British financial markets.

What was UK Market prediction before Brexit
According to a Deloitte Report, the UK Attracted the most Foreign Direct Investment Between 2015 and 2018 than any other European country.

In addition, the report revealed London surpassing New York as the most desired city to invest in.

It is one of the few truly international cities that is being ensnared by the regulations of the European Union that don't correspond.

Stock trading is one of these rules.

The effectiveness of the whole market is impaired when high-frequency trading is shut down and financial services are blocked.

It will result in high-frequency trading, but not speed and it takes away the beauty of the business.

In contrast, Brexit would allow Britain to provide lower options for investors.

The measures against commerce made it more difficult for London to sustain its position as a competitor. The business community has repeatedly warned about the massive cost for small to medium-sized enterprises.

Farnoush Farsiar Andrew Bailey (CEO of the Financial Conduct Authority) envisioned "the future of Financial Conduct Regulation".

Bailey explained how the UK could be compared to other governments around the world.

His idea of the future of financial conduct regulation was to create an "outcome-focused" and "lower burden" strategy.

Brexit could be the opportunity for the UK to increase its global financial influenceand remove any restrictions of the EU.

These restrictions hinder the loose regulations that the UK had before and inhibit companies and startups from expanding and compete in the world market.

Brexit will aid in ensuring the tech hubs the remaining secure in the blossoming of the major cities.

Bailey declared, "Leave it to our individual discretion... Bailey said, "The UK regulatory system is likely to evolve in a different way."

There was serious concern over the UK's finance market
In economic terms an advantage in competitiveness is gaining an edge over your competitors by excelling in the field which you specialize in.

The UK was worried about the collapse of the capital's financial infrastructure due to the new regulations.

They would become less attractive to investors from abroad. Companies could flee to Paris and Frankfurt.

The biggest concern in the finance market in the UK was the possibility that the European Union would limit the EU market's trading.

Farnoush Farsiar Another reason to be concerned is that the cost of export and import will cost more.

Britain is aiming to be the best in the field of financial services.

Post pandemic and mid Brexit Farnoush Farsiar predicts an optimistic future
Farnoush Farsiar's prediction about the Brexit outcome was not too far-fetched.
https://twitter.com/BrexitCentral/status/1152601570447646720 The discourse about the British economy suggests that there is a light at the end.

The number of Brexit-related job moves to Europe decreased by 7,600 from December 2020 down to just a handful of hundred.

Farnoush Farsiar These figures are in line with PwC estimates from April 2016, just prior to the referendum. They forecast that the UK could lose as many as 100,000 finance jobs should it vote Leave.

Despite the fact that covid is causing a lot of pain the UK's stock markets are returning to a higher level.

Without the "EU limitations" the UK competes with the world's other countries, opening the market to more foreign companies.

The British stock market is attracting large corporations, which has helped maintain its position as a world leading market.

The European market is their sole real weakness in the field of financial services.

The main reason is that the British Islands have had a reduction in their seafood trade and fishing industry.
It is noticeable that although trade with Europe was lower however, living costs were higher.

Farnoush Farsiar Farnoush Farsiar was absolutely right. Brexit is a great move for finance , and it has let London to fully realize its potential.


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